Arkansas
Statutory term: Unclaimed Property
Overview
Search for Unclaimed Property
This program provides a public search portal where you can look up unclaimed property.
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Dormancy Periods
The dormancy period is how long property must be inactive before it is considered unclaimed and reported to the state.
| Property Type | Years | Notes |
|---|---|---|
| Bank accounts | 3 | Savings, checking, and time deposits |
| Wages/payroll | 1 | Unpaid wages and commissions |
| Insurance proceeds | 3 | Life insurance matured policies and annuities |
| Securities | 3 | Stocks, bonds, dividends, and distributions |
| Utility deposits | 1 | Utility deposits and refunds; shorter dormancy period |
| Safe deposit boxes | 3 | Contents of safe deposit boxes |
| Traveler's checks | 15 | 15 years after issuance |
| Money orders | 7 | 7 years after issuance |
Arkansas decreased dormancy periods for most property types via H.B. 1782 (Act 1039) in 2015. General dormancy is 3 years. Wages, commissions, and utility deposits have a 1-year dormancy. Holders must report by November 1; life insurance companies by May 1.
Finder / Helper Restrictions
Restriction Level: Moderate
Fee Cap: 10% — Total finder fee limited to not more than 10% of the amount of unclaimed property collected. Any attempt to circumvent the 10% limit will be referred to the Attorney General for prosecution under the Deceptive Trade Practices Act (Ark. Code 4-88-101 et seq.).
Waiting Period: 24 months — No person shall be entitled to a fee for discovering presumptively abandoned property until it has been in custody of the Auditor of State for at least 24 months.
Solicitation Rules: Finders may not charge fees until property has been in Auditor's custody for at least 24 months. The Auditor reminds citizens that claiming property is free.